The Nigerian cabinet has approved over N34 billion naira for the execution of various road projects across the country. Minister of Works, Power, and Housing, Babatunde Fashola disclosed this to Journalists on Wednesday soon after this week’s cabinet meeting, Chaired by President Muhammadu Buhari. The Minister, who presented four memos at the weekly cabinet meeting said, “The memos presented for ...
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Kemi Adeosun advocates more support for infrastructure development
Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called on the African Export-Import Bank (Afreximbank) to invest more in the area of infrastructure development with a view to promoting trade and investment on the continent. Adeosun made the call on Wednesday in Abuja, at the opening of the Afreximbank Annual General Meeting and 25th Anniversary of the organisation tagged: “Celebrating ...
Read More »Federal Government vows to expose properties of tax debtors
The federal government declared in Enugu on Thursday that it had compiled data on property, bank accounts, shareholdings and other income sources of individuals and corporate entities, warning that there would be unsavoury consequences for those who failed to regularise their tax status. Minister of Finance, Mrs. Kemi Adeosun, spoke at the commencement of the sensitisation campaign on the Voluntary ...
Read More »Senate tackles Adeosun over FG’s plan to pass 2018 budget in January
The Minister of Finance kemi Adeosun was challenged on Tuesday by the senate on Federal Government’s persistence on passing the 2018 Budget in January when less than 50 per cent of the 2017 budget was only implemented. The upper chamber also expressed their opposition as to why the 2017 Budget had no correlation with the 2018 Budget. They insisted the ...
Read More »Whistle blower of Ikoyi apartment to be rewarded this month – Adeosun
“Minister of Finance, Kemi Adeosun has said that the whistleblower who led to the recovery of the N13 billion stacked in Ikoyi apartment will be paid this month.” – PM NEWS The Economic and Financial Crimes Commission, EFCC, had claimed that the whistleblower had been paid, but the whistleblower had through his lawyer denied the fact. Reacting to the dust ...
Read More »Finance Minister clarifies Nigerian’s plan on diaspora taxes
According to Premium Times, the Finance Minister, Kemi Adeosun, on Thursday gave clarifications on the Nigerian government’s plan on diaspora taxes. Mrs. Adeosun made this clarification during a Facebook LIVE video chat tagged “Tax Thursday”. While responding to questions during the tax programme monitored by PREMIUM TIMES’ correspondent, Mrs. Adeosun explained that the new tax regime isn’t meant for all ...
Read More »FG approves N7.9bn for reimbursement to Kwara govt
According to Pulse, the Federal Executive Council presided over by Acting President Yemi Osinbajo on Wednesday approved N7.94billion for the reimbursement of Kwara Government to undertake the construction of the Kaiama-kishi road. The Minister of Works, Power and Housing, Mr Babatunde Fashola disclosed this while briefing State House correspondents alongside the Minister of Transportation, Rotimi Amaechi and Minister of Finance, ...
Read More »Nigeria seeks Islamic Development Bank’s support in infrastructure financing
“Nigeria has sought the support of the Islamic Development Bank to fund the construction of the Second Niger Bridge on Private Public Partnership (PPP) and other projects.”- The Guardian Nigeria also urged the speedy completion of on-going projects being sponsored by the bank in the country. This was stated at the weekend at the just-concluded 42nd annual meeting of the ...
Read More »Nigeria, IMF meetings, affordable housing
“The just concluded Spring Meetings of the International Monetary Fund (IMF) provided the Nigerian delegation an immeasurable opportunity to interface with leaders of the Bretton Woods institutions – The World Bank Group and the IMF itself. It was also a venue for bilateral meetings with the Japanese International Cooperation Agency as well as delegations from Switzerland, Norway and a number ...
Read More »Adeosun meets int’l financiers over affordable housing
“Hopes of affordable housing brightened at the weekend as the Minister of Finance, Mrs Kemi Adeosun met with international finance Institutions at the World Bank Spring Meetings to fine-tune arrangements on how Nigerians can enjoy affordable housing.”- The Sun Speaking at a forum, Adeosun said: “Delivering affordable housing is critical to the delivery of our reform agenda and it is ...
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